The Philippine Development Plan (PDP), 2011–2016 called for real gross domestic product (GDP) to grow by an average of 7%–8% per year, investment ratios to reach 22% by 2016, and a corresponding 17% reduction in extreme poverty. Recognizing the role played by investment in meeting the broader goals of inclusive economic growth and poverty reduction, the PDP targeted public infrastructure spend
Since the collapse of the Soviet Union, the Kyrgyz Republic has made significant progress in adopting market-based reforms, with private sector development as the key engine of growth. Nevertheless, growth has occurred largely from natural resource exploitation and remittances-backed private consumption.
In 2009, the government of Uzbekistan launched the Rural Housing Scheme (RHS), involving the construction of new houses for the rural population throughout the country. The RHS was designed to reduce the disparities between urban and rural populations by channeling rural savings into housing investments to improve living standards and utilizing local contractors and construction materials to g
Limited access to medium-term credit has long been a key constraint in the development of Kazakhstan’s small and medium enterprises (SMEs), restraining their ability to exploit investment opportunities, increase employment, and contribute to sustainable growth. To help address this constraint, the Asian Development Bank (ADB), approved in September 2010 a multitranche financing facility (MFF)
Besides public sector jobs, the micro, small, and medium enterprise (MSME) sector is deemed crucial in ensuring women’s economic participation in Armenia. Notwithstanding this, women MSMEs comprised only 32% of the registered MSMEs in 2012. This low ratio was attributable to women’s lack of business skills, knowledge, confidence, and access to networks and credit.